The President of the European Commission (EC) Ursula von der Leyen has announced new investments into the hydrogen industry, including €2.2 billion worth of funding reserved for the spring of 2024. During a speech at the European Hydrogen Week 2023, via video message, von der Leyen said that the hyd
Chinese shipbuilder Hudong Zhonghua has started the construction of the first out of four new deal-fuel 23,000 TEU containerships for French shipping giant CMA CGM.
EverWind Fuels, a North American developer of green hydrogen projects, has received development support from Canada’s federal government for the green energy hub being developed in Nova Scotia. On November 17, EverWind said it had reached an agreement in principle with Export Development Canada on t
ADNOC has joined forces with Santos to pursue a pathway towards the potential development of a joint global carbon management platform.
Industry giants, experts, policymakers, innovators and start-ups from the offshore energy sector will meet at the Offshore Energy Exhibition & Conference 2023 (OEEC 2023) in Amsterdam one week from now. The backdrop to two full days of discussions, insights and updates is the exhibition floor that w
Greek dry bulk shipping company Diana Shipping is set to test a carbon capture system (CCS) onboard one of its capesize bulk carriers in cooperation with Ecochlor and Sinotech CCS. The trio has signed a Letter of Intent (LOI) for the installation of a Sinotech scrubber and CCS system onboard Diana’s
Subsea7 has reported revenue of $1.6 billion for the third quarter of the year, an increase of $174 million or 12% compared to the same period in 2022, mainly due to significantly increased activity in the Subsea and Conventional business unit. With this, the company said it was on track to meet gui
The global energy landscape is undergoing a significant transformation as the demand for clean, renewable energy sources continues to grow. Wind power, in particular, is playing a pivotal role in this transition. Offshore wind farms have proven to be a highly effective means of generating electricit
The German research consortium has inaugurated the world’s first pilot plant for the cost-efficient production of green methanol in the Leuna Chemical Park. The pilot plant was inaugurated on November 20 as part of the Leuna100 project which was launched in the Leuna Chemical Park in August 2023 and
KCA Deutag’s Kenera business unit has been hired for a rig electrification project by Norway’s state-owned energy giant Equinor.
Tanker operator Stolt Tankers, part of Stolt-Nielsen Limited, has ordered six 38,000 dwt stainless steel parcel tankers in China.
Singapore-based gas carrier owner Petredec Pte has through its wholly-owned subsidiary Fortitude Shipping Pte placed an order for up to four ethane/ethylene-capable handy-size vessels. Fortitude has ordered two firm 24,000 cbm newbuilds from Nantong CIMC Sinopacific Offshore & Engineering Co. (CIMC
Classification society ABS and South Korean shipbuilder Hanwha Ocean have signed a landmark strategic framework agreement to advance the digital transformation of shipbuilding.
Saipem has brought to an end its divestment process related to an FPSO vessel working in the Espírito Santo Basin offshore Brazil.
